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BUSINESS NEWS.(TO THE POINT)
MEDICAL
Barr buys rival for $589 million
The drug maker will buy Duramed Pharmaceuticals to raise sales of its line of oral contraceptives and hormone products for women. Barr Labs will exchange one of its shares for every 3.9032 of Duramed. That values Duramed at $17.73 a share. Duramed closed at 17.89, up 0.99. Barr sees combined sales of about $700 million in fiscal 2002. Barr's 2000 sales were about $440 million; Duramed's were $83.5 million. Barr shares fell 2.24 to 69.20.
Dr. Reddy drugs get tentative OK
The Indian drug maker got tentative approval from the U.S. Food and Drug Administration to market generic forms of Eli Lilly's antidepressant Prozac and AstraZeneca's ulcer drug Prilosec. Dr. Reddy believes it has first-to-file status for both, giving it six-month exclusivity. Analysts say the opportunity is worth $30 million to $40 million. Dr. Reddy has risen more than 84% since its April initial public offering. It will market fluoxetine, the generic form of Prozac, through Pharmaceutical Resources.
Amgen said ...
- The Ad Market.(ad spending, agency stocks)(Brief Article)(Statistical Data...
- Magazine article from: Advertising Age Cardona, Mercedes M. August 12, 2002 700+ words
Turn Signals Going up: U.S. measured ad spending in May increased 1.4% from a year ago, according to...benefited from favorable comparisons to May 2001, when ad spending began to dive in earnest. AdMarket 50 Trying to rally...
- The Ad Market.(News)(ad spending, agency stock data)(Brief Article)
- Magazine article from: Advertising Age Cardona, Mercedes M. September 1, 2003 700+ words
Byline: Mercedes M. Cardona Turn Signals Ad spending continued to recover in the first half, thanks to automotive...stocks were up and 12 were down. Reports that U.S. ad spending bounced back strongly benefited media and agency stocks...
- The Ad Market.(News)(ad spending, stocks)(Brief Article)
- Magazine article from: Advertising Age Cardona, Mercedes M. December 15, 2003 700+ words
Byline: Mercedes M. Cardona Turn Signals Ad spending for the first three quarters of 2003 has managed to hold up well compared to 2002. The real test comes in the fourth quarter...
- First Half of 2003 Shows Continued Strong Growth for the Ad Market According to...
- Press release article from: Business Wire August 29, 2003 700+ words
...half of 2003 compared to the same time period last year include Syndication, Spanish Language Network TV and the Internet. AD SPENDING BY MEDIA: FIRST HALF 2003 vs. FIRST HALF 2002(1) First Half First Half 2002 2003 Media (Millions) (Millions) % Change...
- U.S. Ad Market Continues Its Climb: Up Seven Percent Through Third Quarter; TNS...
- Press release article from: Business Wire December 9, 2003 700+ words
...in spending this year speaks to the overall health of the ad market," said Steven Fredericks, president and CEO, TNS Media...FSIs are an important part of a brand's spending mix." AD SPENDING BY MEDIA: FIRST THREE QUARTERS 2002 vs. 2003(1) SEP YTD...
- Ad Crash: Cable's 1Q Take Drops 16%.(Cable TV's ad market had 16%...
- Newspaper article from: CableFAX May 23, 2002 700+ words
...CMR figures showed cable's ad market suffered a 16% year-over...nets spent months posting ad-spending gains in a depressed ad market. Cable showed the sharpest...a 0.4% uptick in cable ad spending. Nielsen and CMR wouldn...
- Boom and gloom: End may be near; Ad-spending forecasts flat-to-down.(News)
- Magazine article from: Advertising Age Johnson, Bradley July 4, 2005 700+ words
...Since the current ad spending "boom" began in May 2002, the ad market has cut 41,000...times. Measured ad spending grew far faster...recession ended. The ad market is down 6.7...278.8 billion ad spending forecast. The real...
- Robust ad spending growth forecast for U.S. next year; Merrill, Zenith predict...
- Magazine article from: Advertising Age Wentz, Laurel Cardona, Mercedes M. December 8, 2003 700+ words
...s share of worldwide ad spending to grow by 0.6% and...falling for several years, ad spending in Japan, the world's second largest ad market, will grow by about...Zenith said. European ad spending is forecast to grow a...